Body & Soul3 mins ago
The Will Of The People ?
I wonder how many of the democracy-loving Brextremists will review this with their usual blinkers well in place.
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These huge number of businesses who are reliant on the current supply chains must surely by now have contingency plans in place to cope with all eventualities, or are their boards/managements not able to do their job ? They're supposed to run their business for profit and survival. If they can't, a rival will take their market share.
OG: ‘A little more for foreign foods’. You’ve really no idea have you? Here, educate yourself and start talking from an informed viewpoint instead of ignorant sound bites which make you sound like you’re reiterating something that you overheard in the Dog & Duck:
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//we slap x% on all imports when they do or they rise by WTO rules, capiesch?//
I don't know what 'capiesch' means. Does it imply that one cancels out the other enabling businesses to continue as they are? Or does it imply that should they hit us with a stick we will hit them with a stick, then we will have both been hit by sticks?
I don't know what 'capiesch' means. Does it imply that one cancels out the other enabling businesses to continue as they are? Or does it imply that should they hit us with a stick we will hit them with a stick, then we will have both been hit by sticks?
Stop shouting and read the link fully. WTO rules will NOT apply to the EU countries we trade with because......they’re protected by the EU!
If you do read it, you may notice certain information such as:
‘The imposition of tariffs on trade with the EU would increase costs for both UK importers (and hence consumers) and exporters. The average EU tariff rate is low – around 1.5%. However, at a sectoral level, the impacts would be much larger: for example, for cars and car parts the tariff rate is 10%. Since most UKbased car production is exported, and uses imported parts, the impacts would be magnified. The impacts would also be large on agriculture, where EU tariffs and quotas remain high; this would result in significant food price inflation for British consumers.’
If you do read it, you may notice certain information such as:
‘The imposition of tariffs on trade with the EU would increase costs for both UK importers (and hence consumers) and exporters. The average EU tariff rate is low – around 1.5%. However, at a sectoral level, the impacts would be much larger: for example, for cars and car parts the tariff rate is 10%. Since most UKbased car production is exported, and uses imported parts, the impacts would be magnified. The impacts would also be large on agriculture, where EU tariffs and quotas remain high; this would result in significant food price inflation for British consumers.’
-- answer removed --
‘WTO rules will apply to the whole EU’
WTO rules apply to everyone who is a member and the Most Favoured Nation rule should prevent exhorbitant tariffs. BUT this is a double edged sword, as the same level playing field would be applied to exports as well, meaning that our businesses trading with and in the same fields as EU nations become less competitive due to preferential trading arrangements between the remaining 26 nations.
No jelly. No nails. No walls. Just facts.
WTO rules apply to everyone who is a member and the Most Favoured Nation rule should prevent exhorbitant tariffs. BUT this is a double edged sword, as the same level playing field would be applied to exports as well, meaning that our businesses trading with and in the same fields as EU nations become less competitive due to preferential trading arrangements between the remaining 26 nations.
No jelly. No nails. No walls. Just facts.
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